Archives for January 2015

Choosing the Best Travel Money – How you want to Pay for Foreign Expenses?

January 30, 2015 2 Comments

We are from India and we do regularly visit our friends and family there. I have a bank account in India where I remit money to before going there. This money usually covers all expenses in incur during our India trips. But it may require us to travel to another company for work. We may even plan a Europe trip in coming years. One of the questions that I’d need answer on is how to pay for expenses overseas?

Travel Money

When going abroad, whether for business or pleasure, one thing you need to consider is exchanging currency and how you are going to carry your money whilst overseas. This is not a decision that should be taken lightly. You could end up getting a lot less for your cash if you do not assess your options. After all, let’s say you leave exchanging your money until you get to the airport.

10 Tax Code Changes for the Common Man in 2015 That We Should Keep in Mind

January 28, 2015 1 Comment

As you are probably gearing up and readying your papers for 2015 tax filing, I thought of listing out some 2015 tax code changes that you should keep in mind while filing your tax returns in 2016. All of these changes affect common man, people like you and I.

Tax codes changes in 2015

The tax brackets and rates have all changed as we already know, but there are some minor, hidden and not-so-well-known facts that we often fail to identify and point out to our tax consultants. Hope this can help many among us.

Credit cards For those who don’t have credit Score – How to Get one

January 27, 2015 Leave a Comment

Having a credit card helped me establishing my credit when I first landed in the US in 2005. I started from no credit to 800+ FICO score in 7 years. Having 4 credit cards (starting with a secured credit card from BofA) and one car loan helped me reach there, along with on-time full balance payment throughout. So, credit cards help in increasing credit score.

How to get a Credit Card

In this article point the how you can secure a credit card to better your score. While reading this, do keep in mind that credit cards are fool’s poison. A wrong use can ruin your life. Especially if you have had problems paying credit card dues, I’d advise you not to use credit cards again. Else, continue with the article and I’d help you securing a credit card even if you now have a bad credit.

11 Quick Fire Financial Advise For Young Ones Starting Their Independent Life

January 26, 2015 8 Comments

Imagine a 20 something just starting their work life after finishing college education. He/she would have loads of student loan to repay, a successful career to start, tons of financial decisions to make and lots of dreams to live for. Well, everything would become smooth and easy if they follow the below guidelines.

Financial success for young

Remember how you achieved the academic success? I am sure it’ was due to your intellectualism and hard work. Guess what? Financial success can be achieved by exactly those two qualities you possess. Having success is a mind game, a game you play against yourself.

Why New Year’s Financial Resolutions are hard to Keep

January 22, 2015 4 Comments

How often you find your financial plans difficult to adhere to? Few of us make a resolution when we start the year but very few can keep up to the plans. Same as our budgets, financial plans are also very hard to keep up with. I admit I failed miserably every time I set up a financial plan. The only way that works for me is to have automatic payments routed to retirement and other targeted accounts before money comes to my checking account. Dr. Pete Sulack is an expert in this field, I am glad to present a guest post from him today. Enjoy the post!

Financial Resolution

There is no question that your finances can be a source of stress no matter how much or little of it you have. Each year, you sit down and make your New Year’s resolutions – vows to save more money, give more to charity, or finally start to get serious about planning for retirement. By February, it’s dark and cold outside and they are running commercials for that island vacation or new sports car, and the reality sets in about how hard it might be to keep tabs on your personal finances after all. When we know what needs to be done but don’t have discipline, we often think less of ourselves and find it hard to establish a goal-nurturing environment.

10 Stock Investing Tips for the New Year

January 19, 2015 3 Comments

Investing in stocks is as delicate as walking on a tightrope—one small mistake and things could end badly. But what makes this rope walking worth the risk are the attractive, sometimes astounding, rewards you get if done properly. Apart from the obvious monetary gain, you’ll also feel a sense of power and satisfaction by being able to accurately predict stock values and make the most of them.

Trading Stocks

While investing in stocks often involves complex methodology, there are also easy routes – investment hacks, you might say. The 10 tips discussed below can help you kick-start your investment career and turn you into a successful speculator.

10 Essential Elements of a Business Plan

January 17, 2015 Leave a Comment

There are many people who wonder if it is really necessary to have a business plan when it comes to seeking an investor that is outside of their own company. However, business plans are quite important to a business whether there are investors involved or not. The business plan alone is the highlight of why your business even exists in the first place. It is the makeup of the communication between you and the rest of the team within the business. If your business is worth making an investment then it will all reflect on how your business is currently succeeding.

Small Business Restaurant

The business plan that you have in mind should show the responsibility, organization skills and how much of an expert you are for running your business because this all-in-all will determine the overall success of your business. Below are 10 essential elements that you should incorporate into your personal business plan.

3 Questions to Ask Before Buying Home

January 16, 2015 5 Comments

We bought our home last year in August. Till then we were renters. A lot of things in our finances have changed since then. On a positive side we are now better budgeters. We have a growing equity in our home. I can think of itemizing my tax return finally this year. On negative sides; We are hit with big insurance and property tax bills. We pay for more stuff now, to maintain this home we are paying more every month.

So, what would you do if you’re thinking of buying your first home?

Should You Buy Home

What to Do with the Gas Money you Are Saving

January 14, 2015 4 Comments

Very interesting topic for today isn’t it? We are happy at the gas station. Until recently, as late as last July/August – we were paying $50 – $55 to fill up my car and SMB (My wife) was spending $40 – $48 on her car which has smaller fuel tank. I looked at credit card statements from 2014 to arrive at the range. Last weekend I spent just $35 to fill my tank.

Gas Price comparison

On average, a govt. agency estimates a $550 that an American household will save on gas this year. This was based on a December estimate. Oil plunged a lot more since then. We can expect to save more than $550 now. Now, what are you going to do with the money?

Best Software Tools for Startup and Small Businesses

January 9, 2015 1 Comment

This post is geared towards small business owners who wants maximum efficiency at a tighter budget. The solution, turning to tools and technology. It’s really not personal finance in a true sense. But it’s definitely personal business finance. The same way I wrote about marketing your business on a budget, and low cost small business ideas

Small Business accounting tools on a budget

SMEs, start-ups and freelancers are more sensitive to the quality of the management of their budgets and cash flows that most businesses larger entity. Fortunately, in our times, you can enlist the help of technology to manage accounting of your company and improve the financial health of your business.

Archives for January 2015

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